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Bethpage Federal Credit Union
Bethpage Federal Credit Union is a federally chartered company headquartered in Bethpage, Long Island, New York. As of January 2017, Bethpage FCU is the largest credit union company in New York state and 16th largest in the nation with approximately $9.2 billion in assets, 405,700 members, and 38 publicly accessible branches throughout Nassau and Suffolk counties. Eligibility for membership is extended to anyone who lives in the United States of America. Member deposits up to $250,000 in Bethpage FCU are insured through the National Credit Union Share Insurance Fund. History Grumman Hangar 2 Credit Union was opened for employees of Grumman Aircraft Engineering Corporation on October 28, 1941. Having been initially formed in Farmingdale, Grumman had moved to Bethpage by the time the credit union was separated in 1994, thus changing its name to Bethpage Federal Credit Union. In 2003, Bethpage was approved for the largest federal community charter in the U.S., allowing its rapid gr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Credit Union
A credit union, a type of financial institution similar to a commercial bank, is a member-owned nonprofit financial cooperative. Credit unions generally provide services to members similar to retail banks, including deposit accounts, provision of credit, and other financial services. In several African countries, credit unions are commonly referred to as SACCOs (Savings and Credit Co-Operative Societies). Worldwide, credit union systems vary significantly in their total assets and average institution asset size, ranging from volunteer operations with a handful of members to institutions with hundreds of thousands of members and assets worth billions of US dollars. In 2018, the number of members in credit unions worldwide was 274 million, with nearly 40 million members having been added since 2016. Leading up to the financial crisis of 2007–2008, commercial banks engaged in approximately five times more subprime lending relative to credit unions and were two and a ha ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Online Banking
Online banking, also known as internet banking, web banking or home banking, is an electronic payment system that enables customers of a bank or other financial institution to conduct a range of financial transactions through the financial institution's website. The online banking system will typically connect to or be part of the core banking system operated by a bank to provide customers access to banking services in addition to or in place of traditional branch banking. Online banking significantly reduces the banks' operating cost by reducing reliance on a branch network and offers greater convenience to some customers by lessening the need to visit a branch bank as well as the convenience of being able to perform banking transactions even when branches are closed. Internet banking provides personal and corporate banking services offering features such as viewing account balances, obtaining statements, checking recent transactions, transferring money between accounts, and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banks Established In 1941
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the anc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Credit Unions Based In New York (state)
Credit (from Latin verb ''credit'', meaning "one believes") is the trust which allows one party to provide money or resources to another party wherein the second party does not reimburse the first party immediately (thereby generating a debt), but promises either to repay or return those resources (or other materials of equal value) at a later date. In other words, credit is a method of making reciprocity formal, legally enforceable, and extensible to a large group of unrelated people. The resources provided may be financial (e.g. granting a loan), or they may consist of goods or services (e.g. consumer credit). Credit encompasses any form of deferred payment. Credit is extended by a creditor, also known as a lender, to a debtor, also known as a borrower. Etymology The term "credit" was first used in English in the 1520s. The term came "from Middle French crédit (15c.) "belief, trust," from Italian credito, from Latin creditum "a loan, thing entrusted to another," from ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Long Island Ducks
The Long Island Ducks are an American professional minor-league baseball team based on Long Island in Central Islip, New York. The Ducks compete in the North Division of the Atlantic League of Professional Baseball (ALPB), an independent "partner league" of Major League Baseball. The Ducks played their first season in 2000, two years after the ALPB inaugural season. Since their inception the Ducks' home ballpark has been Fairfield Properties Ballpark, formerly known as Bethpage Ballpark (2010-2020), Suffolk County Sports Park (1999), EAB Park (2000–2001), and Citibank Park (2002–2009). The "Ducks" name refers to Long Island's duck-farming heritage (itself represented by the Big Duck ferrocement) and recalls the former Long Island Ducks professional ice hockey team. The team's first manager was Bud Harrelson, a part-owner of the team and a former major league player. History The Ducks, the only professional baseball team located on suburban Long Island, began play in 200 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fairfield Properties Ballpark
Fairfield Properties Ballpark is a 6,002-seat baseball park in Central Islip, New York that serves as the home of the Long Island Ducks, an independent professional baseball team that is a member of the Atlantic League of Professional Baseball. Its first regular season game took place on May 14, 2000, when the Ducks played host to the Aberdeen Arsenal The Aberdeen Arsenal were an Atlantic League team based in Bel Air, Maryland. For the 2000 season, they played in the Atlantic League of Professional Baseball, which was not affiliated with Major League Baseball. The Arsenal departed from Aberdee .... The game was the first in the history of both franchises, as they both entered the Atlantic League at the same time. Fairfield Properties Ballpark hosted the 2002, 2010, and 2018 Atlantic League All-Star Games. Naming rights The stadium was initially named EAB Park, after European American Bank. On July 17, 2001, Citigroup acquired EAB, resulting in a name change from EAB Park ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bethpage Ballpark
Fairfield Properties Ballpark is a 6,002-seat baseball park in Central Islip, New York that serves as the home of the Long Island Ducks, an independent professional baseball team that is a member of the Atlantic League of Professional Baseball. Its first regular season game took place on May 14, 2000, when the Ducks played host to the Aberdeen Arsenal. The game was the first in the history of both franchises, as they both entered the Atlantic League at the same time. Fairfield Properties Ballpark hosted the 2002, 2010, and 2018 Atlantic League All-Star Games. Naming rights The stadium was initially named EAB Park, after European American Bank. On July 17, 2001, Citigroup acquired EAB, resulting in a name change from EAB Park to Citibank Park. Citigroup ended its corporate sponsorship in the spring of 2010 and the ballpark was given the temporary name Suffolk County Sports Park for the 2010 season. On December 15, 2010, Suffolk County, New York, Suffolk County officials agreed to ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Grumman
The Grumman Aircraft Engineering Corporation, later Grumman Aerospace Corporation, was a 20th century American producer of military and civilian aircraft. Founded on December 6, 1929, by Leroy Grumman and his business partners, it merged in 1994 with Northrop Corporation to form Northrop Grumman. History Leroy Grumman worked for the Loening Aircraft Engineering Corporation beginning in 1920. In 1929, Keystone Aircraft Corporation bought Loening Aircraft and moved its operations from New York City to Bristol, Pennsylvania. Grumman and three other ex-Loening Aircraft employees,Jordan, Corey C"Grumman's Ascendency: Chapter One." ''Planes and Pilots Of World War 2,'' 2000. Retrieved: July 22, 2011. (Edmund Ward Poor, William Schwendler, and Jake Swirbul) started their own company in an old Cox-Klemin Aircraft Co. factory in Baldwin, Nassau County, New York, Baldwin on Long Island, New York. The company registered as a business on December 6, 1929, and officially opened on Januar ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
National Credit Union Share Insurance Fund
The National Credit Union Share Insurance Fund provides deposit insurance to protect the accounts of credit union members at federally insured institutions in the United States. Created in 1970, the Share Insurance Fund is administered by the National Credit Union Administration, an independent federal financial regulator. The Share Insurance Fund is funded completely by participating credit unions, and not one penny of insured savings has ever been lost by a member of a federally insured credit union. The Share Insurance Fund is backed by the full faith and credit of the United States government. As of December 2016, Share Insurance Fund insured an estimated $1 trillion in member shares in more than 5,800 federally insured credit unions. Funding, premiums and dividends In 1970, Congress approved, and President Richard M. Nixon signed, Public Law 91-206 (see 12 U.S.C.br>§§ [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Credit Card
A credit card is a payment card issued to users (cardholders) to enable the cardholder to pay a merchant for goods and services based on the cardholder's accrued debt (i.e., promise to the card issuer to pay them for the amounts plus the other agreed charges). The card issuer (usually a bank or credit union) creates a revolving account and grants a line of credit to the cardholder, from which the cardholder can borrow money for payment to a merchant or as a cash advance. There are two credit card groups: consumer credit cards and business credit cards. Most cards are plastic, but some are metal cards (stainless steel, gold, palladium, titanium), and a few gemstone-encrusted metal cards. A regular credit card is different from a charge card, which requires the balance to be repaid in full each month or at the end of each statement cycle. In contrast, credit cards allow the consumers to build a continuing balance of debt, subject to interest being charged. A credit car ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bethpage, New York
Bethpage (formerly known as Central Park) is a hamlet and census-designated place (CDP) located within the Town of Oyster Bay in Nassau County, on Long Island, in New York, United States. The population was 16,429 at the 2010 United States Census. History The name ''Bethpage'' comes from the Quaker Thomas Powell, who named the area after the Biblical town Bethphage, which was between Jericho and Jerusalem in the Holy Land. Present-day Bethpage was part of the 1695 Bethpage Purchase. An early name for the northern section of present-day Bethpage was ''Bedelltown'', a name that appeared on maps at least as late as 1906. On maps just before the arrival of the Long Island Rail Road (LIRR), the name ''Bethpage'' appears for a community now included in both the post office district and school district of the adjacent community of Farmingdale. In 1841, train service began to Farmingdale station, near a new settlement less than a mile eastward from what had previously appeared on ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mortgages
A mortgage loan or simply mortgage (), in civil law jurisdicions known also as a hypothec loan, is a loan used either by purchasers of real property to raise funds to buy real estate, or by existing property owners to raise funds for any purpose while putting a lien on the property being mortgaged. The loan is " secured" on the borrower's property through a process known as mortgage origination. This means that a legal mechanism is put into place which allows the lender to take possession and sell the secured property (" foreclosure" or " repossession") to pay off the loan in the event the borrower defaults on the loan or otherwise fails to abide by its terms. The word ''mortgage'' is derived from a Law French term used in Britain in the Middle Ages meaning "death pledge" and refers to the pledge ending (dying) when either the obligation is fulfilled or the property is taken through foreclosure. A mortgage can also be described as "a borrower giving consideration in th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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